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biocon share price: Stock Radar: Time to buy? Biocon coming out of downward sloping channel; likely to hit fresh 52-week highs

Biocon Ltd, in the pharma sector, witnessed a 40% decline from the December 2020 high but shows signs of a bullish trend. Traders are recommended to consider buying for target levels of 325-350. The daily Relative Strength Index (RSI) is at 65.0. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed.

Biocon ltdStock radarRelative strength indexPharma spaceDownward sloping channelBiocon share price52 week high

Stock picks by Sameet Chavan: Buy Happiest Minds, Prakash Industries

Stock picks by Sameet Chavan: Buy Happiest Minds, Prakash Industries
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Financial yearBullish flagDownward sloping channelSameet chavanChief analystநிதி ஆண்டுகீழ்நோக்கி சாய்வு சேனல்சமீத் சவான்தலைமை ஆய்வாளர்